Login Status
You are not currently logged in.
-
-
Recent Posts
Recent Comments
editorpicks
Darma Henwa, Prove Energy & Corfield takeovers
Coal mining contractor PT Darma Henwa Tbk (DEWA), an affiliated of coal miner PT Bumi Resources Tbk (BUMI), were in frenzy acquisitions last year. However, the actions have raised questions. The story of the takeovers began on May 22 2007 when Darma Henwa acquired Prove Energy Investments, a British Virgin Islands-based SPV, from Zurich Asset Full Article
Ciputra Development placement at discount
Institutional investor has placed 631.32 million shares in property developer PT Ciputra Development Tbk (CTRA) at Rp750 a share or Rp473.49 billion. According to the offering structure obtained by The Insider Stories today, the investor offered 4.2% of CTRA shares at 3.8%-8,8% discount of yesterday’s closing level at Rp800 a share. Ciputra Development is developer Full Article
Summarecon Agung stakes for sale!
Four shareholders are offering 290 million shares or 4.21% stake of property developer PT Summarecon Agung Tbk (SMRA) at the offer price of Rp1,575-1,625 a share, enabling those sellers with Rp456,75 billion-Rp471,25 billion proceed. In an offering structure obtained by The Insider Stories mentioned that the deal has an option to upsize the shares sale Full Article
Berau Coal & 3.40 bio shares issuance
PT Berau Coal Energy Tbk (BRAU) is seeking an approval from its shareholders regarding to a transfer authority to board of commissioner for 3.40 billion of new shares issuance or nearly 10% of outstanding shares. Such matter will be discussed during an extraordinary general meeting (EGM) with two other agendas, said Berau’s management in a Full Article